Recap Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint.
Outlook Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and the all important 1.53 pocket.
Lawrence's Comment
Recap
Consolidation around Y-0. Tight range week. Closed the week above Y-0 and midpoint.
Outlook
Inside week strong close. Breakout mode with upside advantage. Target B+3 and above.
Lawrence's Comment
Recap
Ninja found support at previous week close and Y-0 in the beginning of the week. That gave us up drift bias for Y+1. Breakout above Y+1 and stayed above. ...
Lawrence's Comment
Recap
Y-1 acted as support for a 1-2-3 buy early in the week sent Aussie up to Y+1. The bullish bias worked out. Oddly, Y+1 simply stopped the move and ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
GBPUSD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint.
Outlook
Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and the all important 1.53 pocket.
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